OPEC – Page 2 – The Business Intelligence

Oil price jumps as OPEC+ cuts production

EditorApril 4, 2023

by EditorApril 4, 20230223

Brent, the global benchmark for crude oil, jumped in price on Monday, following the voluntary production cuts by member nations of the Organisation of Petroleum

Energy Gas Oil

OPEC+ further cuts oil production by 1.66 million bpd

EditorApril 3, 2023

by EditorApril 3, 20230384

By Emeka Ugwuanyi The Organisation of Petroleum Exporting Countries (OPEC) and its non-OPEC allies have cut oil production further by 1.66 million barrels per day

Energy Gas Oil

OPEC ties output cut decision to calmer financial markets

EditorMarch 18, 2023

by EditorMarch 18, 20230254

OPEC+ will likely wait for financial markets to calm before deciding whether it needs to react to oil’s rout by cutting production, according to consultancy

Energy Gas Oil

Nigeria’s oil output rises by 31m barrels – OPEC

EditorFebruary 17, 2023

by EditorFebruary 17, 20230306

Nigeria pumped additional 31.1 million barrels of crude oil within a space of four months following improvements in security in the country’s oil-producing Niger Delta

Energy Gas Oil

OPEC confirms Nigeria’s oil output grew by just 23,000 bpd in Jan

EditorFebruary 15, 2023

by EditorFebruary 15, 20230228

The Organisation of Petroleum Exporting Countries (OPEC) yesterday confirmed that Nigeria’s oil output grew by a meagre 23,000 barrels per day in January, a significant

Energy Gas Oil

Oil price sheds 2% on OPEC+, US Federal Reserve meetings tomorrow

EditorJanuary 31, 2023

by EditorJanuary 31, 20230343

*Rate hikes loom even as Russian output stays strong By Emeka Ugwuanyi with agency reports Ahead of uncertainties that may trail the outcomes of the

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Kyari: without OPEC quota restriction, Nigeria will hit 2.2m bpd oil production in 2023

Our Reporter January 12, 2023

by Our Reporter January 12, 20230271

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari, yesterday maintained that Nigeria could hit 2.2 million barrels

Energy Gas Oil

OPEC, NON-OPEC alliance is six years today

EditorDecember 10, 2022

by EditorDecember 10, 20220349

By Emeka Ugwuanyi The Declaration of Cooperation (DoC) between the Organisation of Petroleum Exporting Countries (OPEC) member countries and 10 non-OPEC oil-producing countries turned six

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OPEC, non-OPEC commit to stable global oil market

Emeka Ugwuanyi December 5, 2022

by Emeka Ugwuanyi December 5, 20220430

OPEC and non-OPEC member countries rose from their 34th ministerial meeting yesterday with a commitment to stabilizing the global oil market whenever there is need.

Gas Oil

OPEC inaugurates 2022 World Oil Outlook at ADIPEC

Our Reporter November 1, 2022November 1, 2022

by Our Reporter November 1, 2022November 1, 20220257

The Organisation of Petroleum Exporting Countries (OPEC) on Monday inaugurated its 2022 World Oil Outlook (WOO). The WOO was inaugurated at the Abu Dhabi International

April 2019 Edition